1927Civil EngineeringMedium
A machine costs of P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is its book value after 8 years using straight line method?
AP 2,100.00
BP 2,200.00
CP 2,000.00
DP 2,300.00
Correct answer
C. P 2,000.00
Explanation
The correct answer is P 2,000.00.